Ethereum 4 Hour Price Update

Updated August 25, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum closed the last 4 hour candle up 1.1% ($4.44); this denotes the 2nd candle in a row an upward move has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ethereum Daily Price Recap

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 408.03 US dollars, up 4.43% ($17.31) since yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 71.81% from the day prior, and up 22.15% from the same day the week before. On a relative basis, yesterday was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From RyanSAdams:

    The biggest UX problem in DeFi is direct fiat onramps@AaveAave now has the ability to roll out their own fiat onramp in the U.K.The entities behind DeFi protocols are highly motivated to onboard the world to EthereumThe DeFi flywheel is now in full effect…

  • From sasha35625:

    Gravity protocol does not try to make, say, perfect bridge to Ethereum. We want to connect all chains, so you can send your token from Eos to Tron, or from Eth to some corporate chain. We don’t target any particular chains, we want interconnectivity as a whole.#gravityproto

  • From jchervinsky:

    crypto twitter: “accredited investor laws are a disgrace! people should be allowed to throw their life savings at whatever scheme they want!”also crypto twitter: “ethereum devs launching open source protocols are a disgrace! how can they allow people to risk money like this!”

As for a news story related to Ethereum getting some buzz:

Ethereum 2.0 testnet goes offline – CoinGeek

The Ethereum testnet bug The bug that brought the Ethereum 2.0 testnet offline was time-related and affected everyone using the Prysm client–which a majority of ETH 2.0 testnet validators were using….That being said, you can expect significant delays in the launch of ETH 2.0. The problem with Ethereum To add insult to injury, Ethereum is facing many problems beyond the crash of its 2.0 testnet.  Ethereum has officially hit ALL TIME HIGH on transaction fees.

(Excerpt) Read more Here | 2020-08-24 18:35:00
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